Galaxy Digital Narrows Q2 Loss to $85M as Data Center Unit Turns Profitable
GLXY sits 26% above its 52-week low of $16.43.
Summary
Galaxy Digital's Q2 net loss shrank to $85.31M from $216.3M in Q1, driven by a 34% jump in digital assets gross profit and the data center unit's first profitable quarter. Helios Phase I is fully delivered to CoreWeave, set to generate ~$80M in quarterly lease revenue starting Q3 with >90% EBITDA margins. The company also issued $3.5B in notes to fund Phase II and acquired three new Texas sites post-quarter, pushing its power pipeline past 5.7 GW. Asset management AUM dipped 12% to $7.1B, but new fund launches and a BNY staking deal add diversification. This follows the $3.5B debt offering and Helios milestones from July, confirming the AI/HPC pivot is gaining traction.
At the time of this announcement, GLXY was trading at $20.68 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $8.6B. The 52-week trading range was $16.43 to $45.92. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.